FAW-VW expects to produce 450,000 vehicles this year, up 28 percent

Shanghai. November 29 (Gasgoo.com) – FAW-VW, a joint venture of China’s First Automobile Works and German automaker Volkswagen, expects to produce 450,000 automobiles this year, which represent a rise of 28 percent from one year earlier, a senior company official told a group of Chinese reporters yesterday.

 

"We can produce 100,000 more vehicles than last year,” said Wang Zeyi, Communist party chief of FAW-VW.

 

Currently FAW-VW has two production lines in Changchun. Jetta, Bora, Golf, Audi A4 and A6 are produced in the first production line, whereas Sagitar and Magotan are produced in the second production line. The second production line has annual output capacity of 330,000 units and will have a capacity to assemble 1,200 units a day next year.

 

FAW-VW’s third production line will start production in Chengdu next year, Wang said.  

 

In the first ten months of the year, FAW-VW sold 383,296 vehicles, up 42.9 percent from one year earlier. FAW-VW’s mainstay product, Jetta sold 169,272 units in the first ten months, up 22.6 percent from last year.

 

Last month, VW raised this year’s sale target to 900,000 vehicles in Chinese market. "We are confident to achieve this revised sales target based on our strong sales performance and surging profits in China since the beginning of the year," said Winfried Vahland, chief executive officer of Volkswagen China.